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The dollar posted its biggest single-day gain since March after US consumer prices rose more than expected in September, driven by a surge in rental costs. The move lifted expectations that the Fed would keep interest rates high for a long period.
Higher-for-longer US rate expectations strengthen the dollar, which can pressure dollar-priced commodities and raise financing costs for feed buyers.
cnbc.comReutersOct 12, 2023After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
